This article is an external press release originally published on the Landlord News website, which has now been migrated to the Just Landlords blog.
An encouraging new survey suggests that 40% of landlords reported an increase in tenant demand during the last three months.
Regional rises
A survey by the National Landlords Association indicates that the East of England saw the largest net growth in tenant demand, with a 48% increase. This was followed by the South West (45%), the South East (41%) and Outer London (40%) respectively.
In addition, research found that just 6% of landlords on average reported a decrease in tenant demand during the last three months.
Landlords in the North East reported the highest net decrease in demand in all regions, with a 15% fall. Wales and Yorkshire recorded a 12% drop, while the North West posted an 11% dip.[1]
Tenant demand up across UK
Selling
Carolyn Uphill, chairman of the National Landlords Association, said, ‘our research indicates that 5% of landlords will sell up following the government’s plans to remove mortgage interest relief for landlords, which could affect some 600,000 tenancies.’[1]
‘The government’s planned changes, which will be phased over a period of years, gives landlords time to review their finances, but some will still be forced to sell or trade at a loss which is unsustainable and the projected impact will mean that ultimately renters will lose out as a dwindling stock drives up prices and competition for homes,’ Uphill added.[1]
[1] https://www.lettingagenttoday.co.uk/breaking-news/2015/10/tenant-demand-up-across-most-of-uk-survey-reveals
